Suburban Propane Partners LP (NYSE:SPH) shares fell 1.9% on Wednesday . The stock traded as low as $33.90 and last traded at $34.22, with a volume of 119,152 shares traded. The stock had previously closed at $34.87.

Several research firms have recently weighed in on SPH. Janney Montgomery Scott began coverage on shares of Suburban Propane Partners in a report on Wednesday. They issued a “neutral” rating and a $30.00 price target on the stock. Zacks Investment Research raised shares of Suburban Propane Partners from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 13th. Argus reaffirmed a “hold” rating on shares of Suburban Propane Partners in a report on Monday, July 11th. Finally, Citigroup Inc. cut shares of Suburban Propane Partners from a “buy” rating to a “neutral” rating and upped their price target for the stock from $29.00 to $32.00 in a report on Friday, May 20th. Two analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $32.83.

The stock has a 50-day moving average of $33.66 and a 200 day moving average of $29.59. The company’s market capitalization is $2.09 billion.

Suburban Propane Partners (NYSE:SPH) last released its quarterly earnings results on Thursday, May 5th. The company reported $1.51 EPS for the quarter, missing analysts’ consensus estimates of $2.33 by $0.82. The company had revenue of $404.10 million for the quarter, compared to analysts’ expectations of $529.47 million. During the same period in the previous year, the company posted $2.26 earnings per share. The company’s revenue for the quarter was down 32.6% compared to the same quarter last year. Equities research analysts predict that Suburban Propane Partners LP will post $0.27 EPS for the current fiscal year.

Other large investors recently added to or reduced their stakes in the company. Penserra Capital Management LLC bought a new stake in Suburban Propane Partners during the fourth quarter valued at about $2,993,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Suburban Propane Partners by 85.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 402,118 shares of the company’s stock valued at $9,775,000 after buying an additional 185,202 shares during the period. Morgan Stanley boosted its stake in Suburban Propane Partners by 37.7% in the fourth quarter. Morgan Stanley now owns 1,135,340 shares of the company’s stock valued at $27,601,000 after buying an additional 310,878 shares during the period. Finally, Atlantic Trust Group LLC boosted its stake in Suburban Propane Partners by 98.4% in the fourth quarter. Atlantic Trust Group LLC now owns 1,173,576 shares of the company’s stock valued at $28,530,000 after buying an additional 581,931 shares during the period.

Suburban Propane Partners, L.P. (the Partnership) is a marketer and distributor of a range of products meeting the energy needs of the customers. The Company is specialized in the distribution of propane, fuel oil and refined fuels, as well as the marketing of natural gas and electricity in deregulated markets.

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